Craftsman Duplex with Private
2401 Verbena Street New Orleans, LA 70122
2401 Verbena Street, New Orleans, LA, 70122
$218,000
For Sale
$218,000
Craftsman double offers two units with hardwood floors, off-street parking, and private backyards.
Property Size1,850 SF
Price / SF$117.84
Days on Market288
Property Features for 2401 Verbena Street
General Information
- Standard status
- Active
- Size
- 1,850 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing agency
Lafont Realties, LLC
(504) 228-7325
Listed by
Natalie Lafont · License #099562789
(504) 228-7325
Source
Compass
Added: Oct 8, 2025 Updated: Jul 21 at 2:57PM Checked: Jul 21 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lafont Realties, LLC
Investment Insights
Based on property information with market context.
This Craftsman duplex features a double-parlor shotgun layout with hardwood floors and natural light, along with classic historic architectural elements. Interior details include original molding and doors, windows, butler pantries, and antique laundry hamper elements. Each unit also has interior laundry hookups, separate outdoor storage, and a private backyard.
The property is offered for sale and includes off-street parking for both units.
With two separate outdoor storage areas and private yards for each unit, the arrangement supports practical day-to-day living for tenants within a single building.
The property is offered for sale and includes off-street parking for both units.
With two separate outdoor storage areas and private yards for each unit, the arrangement supports practical day-to-day living for tenants within a single building.
Key Highlights
- Craftsman double offers 2 units with hardwood floors, off‑street parking for both units, and private backyards for each unit
- 4 bedrooms total and 2 full bathrooms in the double (1‑story building; entry level 1)
- Central air conditioning and central heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $16.20 |
| − Vacancy | −$2.6k | −$1.40 |
| EGI | $27.4k | $14.80 |
| − OpEx | −$8.2k | −$4.44 |
| NOI | $19.2k | $10.36 |
1,850 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.8K
$239.6K – $319.4K
NOI $19,166 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$237.8K
$208.1K – $277.5K
NOI $16,648 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$484.1K
$423.6K – $564.8K
NOI $33,886 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Craftsman double offers two units with hardwood floors, off-street parking, and private backyards.
Where is this duplex located?
The property is located at 2401 Verbena Street New Orleans, LA.
What is the asking price?
The asking price for this property is $218,000.
What are key features of this property?
This property features: Craftsman double offers 2 units with hardwood floors, off‑street parking for both units, and private backyards for each unit; 4 bedrooms total and 2 full bathrooms in the double (1‑story building; entry level 1); Central air conditioning and central heating
